Energold Drilling Corp: EGD.V - CA29268A1031

Energold Drilling Corp: EGD.V - CA29268A1031

Ich hab verschiedene Übernahmekandidaten Sierra Madre belt abgeklopft, unter vielen anderen auch Impact Silver IPT.V. http://www.impactmin.com/s/Home.asp

Am 27.10. hatte hier
http://www.goldseiten-forum.de…ht=&hilightuser=0&page=29

schon folgendes fett angestrichen:
IMPACT Silver Corp. is a Tier 1 silver focused mining and exploration company with two producing silver mines at Zacualpan, Mexico; an advanced-stage silver project at Zacatecas, Mexico; and, other projects in the Dominican Republic. Energold Drilling Corp. (TSX VENTURE:EGD - News) owns 6.6 million shares of IMPACT

So kam ich auf Energold: http://www.energold.com/s/Home.asp

Energold Drilling Corp: EGD.V - CA29268A1031 - EGDFF.PK

Es ist eine Drilling Gesellschaft, die eben
einen 17,5 Anteil an Impact Silver hält,
gute Properties in der Dom. Republik besitzt
moderne drill rigs besitzt (Maschinen und Geräte dazu, sind minimum 3 Mille wert)
und außerdem profitabel ist: 0,03 ct pro share.

Das gibt´s doch nicht!!

Beim Management gibt es große Überschneidungen: fett

EGD Management:
Fred Davidson, President, CEO and Director
Richard Younker, Chief Financial Officer
Anthony Shapiro, Corporate Secretary
James Coleman, LLB ,Chairman and Director
H. Walter Sellmer, DirectorMichael J. Beley, Director
Wayne Lenton, Director

IPT Management:
Fred Davidson, CA - President & Director
George Gorzynski, P.Eng. - Vice President, Exploration & Director
Richard Younker, C.A., C.M.C - CFO
Walter Sellmer, P. Geo. - DirectorVictor Tanaka, P. Geo. - Director
Richard Mazur, P. Geo., MBA - Director

Also an die Arbeit:
Mal 2 verschiedene zahlen:
http://www.energold.com/s/ShareStructure.asp
also 20,7 Mille, fully diluted dann 25,4, wobei bei Einlösung noch mal 4,1 Mille reinkämen.

2. http://www.tsx.com/HttpControl…oteSymbol_1=EGD&x=11&y=11

da haben wir 22 Mille angegeben.

Nehmen wir die 22 mille bei Kurs 1C$, haben wir 22 mille MC.

Abzüge. 17,5% Beteiligung Impact ist 6,6 x 1,2 ist 7,92 Mille
Gewinn: 0,03 ct macht 0,66 Mille

Weiters auf der Plusseite: bei Einlösung warrants 4,1 (will ich nicht einbeziehen

25 moderne drillrigs (Maschinen und Geräte dazu, sind minimum 3 Mille wert)

Properties in der Dom. Republik mit teilweise JV Partnern
http://www.energold.com/s/DR.asp

Und ein working capital von 10 Mille (Stand Juni)

Also ist die vom value her so unterbewertet, dass ein minus davorsteht.
Mir ist so was schon lange nicht untergekommen.
Aber schaut mal selber, vielleicht hab ich auch Fehler drinnen.
Ich hab letzte Woche gekauft in Kanada und es war mühsam, da ich streng limitiert hatte.
Weitere Börse USA:EGDFF.PK. Nicht zu empfehlen.

Drilling Companies sind nicht in zur Zeit, wobei die vollkomen ausgelastet sind und der Drillingbedarf weiter steigt.
Wer da interessiert ist, schaut mal in den Cabo Thread.
Da ist in den berichten z.B. immer auch der steigende Bedarf international.
Hab ja neulich den brillanten Zug von Keith (FR.V) erwähnt, der für eine company drill rigs gekauft hat mit der Auflage, dass sie in La Parilla bleiben müssen.

Die Unterbewertung wird sich irgendwann aufheben.
Ich kann mir sogar vorstellen, dass die Beteiligung an Impact schon 2007 nahe an die MC von Energold herankommt.

Grüße
Tschonko

Da hatte ich mich beim Gewinn glatt verrechnet. Hab mit 0,3 gerechnet, obwohl 0,03 dastand. Schon ausgebessert.

Hier der letzte Bericht: Man beachte das Fettgedruckte!
Gute Vorgangsweise, respektive die verstehn das Geschäft.

Energold Announces Second Quarter Results

http://biz.yahoo.com/ccn/060829/200608290344777001.html?.v=1

Energold Announces Second Quarter Results
Tuesday August 29, 6:14 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 29, 2006) - Energold Drilling Corp. ("the Company") (TSX VENTURE:EGD - News) is pleased to announce the consolidated results for the quarter ended June 30, 2006. The Company fully consolidates its 50.01%-owned Pac Rim Drilling S.A.C., 50%-owned subsidiary Kluane International Drilling and its affiliates. The Company's 17.5% interest in IMPACT Silver Corp. (TSX VENTURE:IPT - News) is accounted for on an equity basis.

Results of Operations:
Gross drilling revenues for the year-to-date were a record $11 million on 84,000m drilled and for the second quarter were $7 million on 52,000m. The Company recorded a year-to-date profit of $776,000 ($0.04 EPS) and for the second quarter a profit of $627,000 ($0.03 EPS). As a result of the rapidly rising value of the Canadian dollar, IMPACT recorded a foreign exchange adjustment of $276,000 during the quarter. The Company continues to maintain a strong balance sheet with a net consolidated working capital position of $15.3 million and a consolidated cash position of $5 million.

Summary of Quarterly Results (Canadian $ 000's except
per-share amounts and meters drilled)
--------------------------------------------------------
June 30, 2006 2006 2005 % Change
--------------------------------------------------------
Gross Profit 2,381 1,865 28
--------------------------------------------------------
Net Income 627 345 82
--------------------------------------------------------
Earnings Per Share 0.03 0.02 50
--------------------------------------------------------
--------------------------------------------------------
Consolidated Working Capital 15,300 13,300 15
--------------------------------------------------------
Meters Drilled 51,804 37,259 39
--------------------------------------------------------

In addition, our balance sheet strength does not reflect the current market value of our equity investment in IMPACT, of which the Company currently owns 6.6 million shares. Based on closing market prices at August 28th, the investment has a current market value of $7.2 million or $6 million more than our carrying cost.

Contract Drilling Operations

The Company is pursuing a strategy of aggressively expanding into new markets while maximizing its presence in existing ones with the ultimate goal of being the driller of choice in the developing world. To meet its objectives, the Company is focusing on constructing additional drill rigs, increasing inventories, training drill personnel, and investing heavily in research and development.

As of this date, the Company has a total of 25 drills - either jointly or wholly owned - in the field and one additional drill under construction. The Company is also looking at developing at least one new market in the 2006 year for its services, and is currently mobilizing a man portable rig in Canada and a second rig to Africa.
Our investment in drilling supplies inventories to support our operations has increased by approximately $2.3 million in the past twelve months, from $5.0 million at June 30, 2005 to $7.3 million at June 30, 2006. Part of this increase in inventory carrying value is attributable to higher supplier prices and part is due to our decision to put more inventories into the field to have supplies closer to hand to service our client drilling needs. Because of the man portable nature of our equipment and the need to be self sustaining in remote operating locations, we estimate that we require an investment in inventory of approximately $300,000 for each new drill that we put into the field.

The Company's equipment is amongst the newest in design and performance, but we continue to redesign our rigs and are now producing a new Series III rig with additional power and pullback while retaining its high degree of mobility. We anticipate that we will build approximately four to five more of the Series II and Series III rigs during the next 18 months. Combined with a new program of redesign and retrofitting older models, we anticipate improved performance capabilities from our rigs in the coming year. The Company is continuing to conduct research and development to keep its equipment on the leading edge technically.
Crews remain a significant bottleneck in our expansion, as it requires trained personnel with additional social skills to work in remote locations. We also continue to train personnel from local communities to fill a number of positions, including some positions as drillers. Especially for smaller programs, these personnel can substantially reduce our mobilization costs. This also provides an effective statement of our willingness to ensure there are social benefits to the local communities from our activities.
Outlook
Social and political issues are actively interfering with the industry throughout the world; during last year some of our larger projects were delayed or cancelled despite responsible efforts on our clients' part to address local concerns. However, increasing demand for commodities continues to put pressure on the service industry for rigs and the industry as a whole is almost fully employed. Overall, new contracts and requests for tenders suggest that 2006 will continue to be extremely busy. With new rigs in place and new equipment under construction we hope to capitalize on the continuing demand.

Energold Drilling Corp. is an environmentally and socially sensitive diamond drilling company that services the mining industry. Energold also holds a controlling interest in silver miner IMPACT Silver Corp. and a project portfolio in the Dominican Republic.
On behalf of the Directors of Energold Drilling Corp.
Frederick W. Davidson, President, CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact:
Darrell Rader
Energold Drilling Corp.
Corporate Development
(604) 681-9501
(604) 681-6813 (FAX)
info@energold.com
http://www.energold.com

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Hallo Edel,
ich kann dir nur raten, alles ganz genau anschauen...
Die sind billigst.....

Impact auch genau anschauen. Die haben eine viel größere MC, 48 Mille shares. Es lohnt sich.

Cabo: die haben 28 mille Umsatz im Vergleich zu 11 Mille Energold.
Cabo hat die Verluste ausgeweitet. Warum, ist im Cabo thread nachzulesen.
Die müssen vier eigenständige Drilling companies zu einer machen.
Das kostet Geld und Mühe. Außerdem haben sie viel abgeschrieben heuer.
Die eigentl. Speku bei Cabo ist die Ausschüttung der Gebiete an die Aktionäre.

Energold wird sich wohl auch in Richtung reine Drilling Company entwickeln. Heisst für mich, da gibt´s auch was zu erben.

Jedenfalls hab ich schon lange keinen so klaren kauf mehr erlebt.
Aber vielleicht hab ich auch etwas übersehen.

grüße
Tschonko

Mich erreichte folgende Mail:
Vorab wär mir lieber, wenn das über PN passiert oder es ist der Username dabei.
Hab zwar grundsätzlich kein problem, meine Privat e-mail anzugeben..

"Hallo!
>
> Mir gefällt Ihr Beitrag über Energold wirklich sehr, vielen Dank dafür!
> Würde nun gerne kaufen, aber hab das Problem, dass ich die Aktie nicht kaufen kann. Ich bin bei der PSD-Bank und kaufe sonst immer in Frankfurt (bin allerdings erst kurz dabei), und Energold steht mir dort gar nicht zur Auswahl (weder Kanada noch USA). Naja meine Frage ist nun eigentlich, ob das normal ist oder ob ich da mal anrufen muss. Bei welchem Broker kaufen Sie Energld?
>
> Würde mich über eine Antwort freuen!
>
> Vielen Dank im Voraus!
>
> Mit freundlichen Grüßen

Ich hab über direktanlage.at gekauft.
Geht genauso über Elba (Raika).
In deinem Fall würd ich mal anrufen und die Aktie freischalten lassen.
Geht das nicht, dann würd ich Bank wechseln und ein online Depot eröffnen. aber nur wenn du vorhast, mehr in kanada zu kaufen.
e-trade, interaktive brokers etc.....

Und bitte vorher abchecken die aktie...
Sonst ist der böse Tschonko schuld, wenn´s nicht läuft
Tip: 1 Stunde vor Börsenschluss am ask kaufen

Liebe Grüße an unbekannt
Tschonko

Hab mir mal ein bisserl die Gebiete in der Dom. Republik angesehen:

http://www.energold.com/s/ElCentenario.asp

Bei El Centenario, Josefina und bei Bacco ist der Juniorpartner GoldQuest Mining Corp CQC.V.
Bei den anderen gebieten wird noch gesucht.

Laut CEO Davidson will man eine reine drilling gesellschaft werden.
D.h, die werden verkauft, oder es gibt einen Spin off an die Aktionäre.

Nicht nur ich finde Energold interessant, auch viele Analysten.

Obwohl ich manche Vertreter dieser Berufsgruppe in einem unsäglichen Wortspiel als Analzysten bezeichne, war ich doch angenehm überrascht, dass auch Mexico Mike (Kachanovsky) dabei ist, zu dem ich eine gewisse Affinität habe.

Und auch John Kaiser ........

http://www.energold.com/s/AnalystReports.asp

Grüße
Tschonko

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Die Klienten: Interessanterweise ist Impact Silver nicht dabei.
Ich mein, fast verheiratet sein und nicht bohren!

[Blockierte Grafik: http://www.energold.com/presentation-nov06/slide10.JPG]

Sie sind schon länger profitabel.
Wichtig ist aber Punkt 3:
Portable drill rigs.
Also z.B. überhaupt nicht mit Cabo vergleichbar.
Sie sind sozusagen diejenigen, die die ersten Bohrungen setzen.
Entjungferung wäre in diesem Geschäft wohl der falsche Ausdruck!

[Blockierte Grafik: http://www.energold.com/presentation-nov06/slide4.JPG]

Die Energold ist ein ganz ruhige mit wenig Handel.
Das für 2006 angestrebte Listening in Toronto dürfte sich nicht mehr ausgehen. Da haben sie zu viel versprochen.

Warum sollte man überhaupt in Drillinggesellschaften investieren?
Erstens, weil sie im Moment keiner haben will.
Zweitens, weil/wenn sie noch so viel Zusätzliches anbieten wie gute Properties und Beteiligungen.

Drittens, noch ein paar Gründe......

[Blockierte Grafik: http://www.energold.com/presentation-nov06/slide3.JPG]

Nicht dass wer meint, die Präsentation wäre alt, sie ist ein Baby:

Auf einen Blick noch mal einige Daten:
Die Beteiligungen sind nicht angeführt
Die Warrants und Options (1,20, 1,4, 1,5) von 3,5 Mille sind nicht angeführt.
Der Wert der Ausrüstung ist nicht angeführt.

[Blockierte Grafik: http://www.energold.com/presentation-nov06/slide17.JPG]

dere,
schätze mal, da wirst du noch länger gespannt sein müssen
oder auch einschlafen.

Zur Einschätzung: Findest du sie nicht günstig?

Ich bin übrigens kein Profi,
eher ein Küchenonkl,
das ist das männliche Gegenstück von dile Tant.

Silver eagle ist absolut ein Profi, da geb ich dir recht.
Aber er kocht auch nur mit Wasser........

Der markt kriegt schon noch seine Chance, vielleicht über den Umweg
Impact Silver.

Grüße
Tschonko

Artikel von Beiers zu Energold und Impact:
http://www.321gold.com/editorials/beiers/beiers111706.html

Freu mich schon auf Teil 2:

Grüße
Tschonko

A Tale of 2 Profitable Micro-Caps - Chapter 1
An Unappreciated Drilling Company Valued below Its Assets
Doug Beiers
TheSimpleInvestor.ca
Nov 17, 2006

This is a tale of market dislocation, and about the man who is President of 2 profitable companies. A guy who knows a lot about running a business but is a bit light on marketing skills. All in my opinion of course.

The first is Energold Drilling - EGD.V. Energold has a history of 20% annual growth of new drills in the field and the company is now ramping up growth even more rapidly. Meters drilled in Q2 2006 are up 39% over the comparable quarter in 2005. Energold is experiencing its 4th consecutive year of profitability and looks to offer a nice surprise this year with both the increase in the number of drills in the field as well as number of meters drilled.

The second company Fred heads up, is currently 100% owner of a profitable Mexican silver mine and they have an option to acquire a 2nd one that has just gone into production. Details about this silver miner will be revealed in the second installment of this story in a few days. I visited the mine-site recently and was totally impressed.

Fred Davidson - Bean Counter
Energold is headed by President Fred Davidson. Fred is probably a boring guy to most resource investors but this is about investing wisely and making money. He does not grab headlines with big pronouncements and his companies are not market darlings, at least not yet. Fred is a bean counter (an accountant) and an experienced mine manager. Fred is unique in that he puts a lot of effort into solid "business management practices" and "long-term planning".

Energold Drilling - EGD.V - http://www.energold.com
24 million shares Fully Diluted
Working Capital $15million
Owns 6.6 million shares of Impact Silver IPT.V (value at Nov 15/06 - $8.5 million)
Currently 24 rigs in the field, 2 being mobilized and 4 under construction.

Energold is often referred to as an "Environmentally Friendly" drilling company because they only need a level space of 4m x 4m to set up. In other words they are considered "Low Impact". They are also referred to as "Man Portable" since the entire drill can be easily broken down (<1 shift) and carried around remote mountain trails by mules or a local crew. They also build their drills in-house so their proprietary designs are not copied. Energold began as a 50% owner partnering with Kluane Drilling. The past 2 years they have directed their growth towards 100% ownership of new drills, initially mobilizing them to Mexico. EGD is now 1 of only 5 drillers in the world accepted by BHP as a drilling service contractor, which says a lot about the quality of service they provide. Of the 24 drills currently in the field 18 are 50% owned and 6 are 100% owned. The 2 rigs currently being mobilized are both 100% owned and the 4 under construction are also 100% owned. I think you get the picture.

Energold Shares are a give-away
Now for some interesting numbers. With a current (Nov 16/06 market close) Market Cap fully diluted of $24 million, remove the $15 million working capital, remove the value of their IPT.V shares, another $8.5 million, and what you have left is 24 drills with trained crews in 13 countries, with contracts in place, with growing profits and cash flow - valued at under $1 million. If current outstanding options and warrants are exercised this will bring an additional $1.76 million into the treasury with no further dilution (I am using fully diluted numbers above). So the current value of Energold shares are deeply discounted as established drillers are usually (or often) valued at healthy multiples of revenue and earnings, and rapid growth companies often trade for a premium on top of this as growth is very costly so anything that makes it to the bottom line is a bonus.

Value in the Dominican Republic
There's more. Energold is the largest holder of exploration projects in the Dominican Republic. Some are adjoining Placer dome's 18 million oz gold deposit, some are JV'd out. In this bull market my guess is their DR properties could potentially be valued at 50% or more of the market cap of the entire company. The Dominican Republic is where Energold was born a number of years back. Fred's frustration with the type of drills being provided to explore his many mountainous properties stirred his creative juices. He had his own rigs built to his specifications and Fred's drilling business was born. These properties are extremely prospective and the DR is quite mining friendly. Countries like the DR are getting more popular with mining companies with all the recent concerns about "country safe" locations. Fred commented that he plan to "realize value on the majority of the DR properties by early 2007."

How to Value?
What is a fair price for Energold shares?
We will likely never know until someone tries to acquire the company, but, from Major Drillings recent financials they show earnings per share of $1.18. On Nov 8/06 their share price was $22.55 which works out to 19 x EPS. I think it is reasonable to expect Energold to come in at between $0.08 - $0.10 this year (a lot of drills being mobilized with substantial up-front costs) so at $0.08 (the lower end) x 19 = $1.52. 2007 earnings could easily end up around $0.20 the way things are shaping up and at 19 x EPS there is potential for a $3.80 share value. This does not include any consideration for their 6.6 million shares of IPT (on the books at $1 million) nor their working capital and DR properties. I expect Fred to get full value for both holdings in 2007. Growth is expensive for drillers. New rigs coming on stream have substantial up-front costs including: mobilization costs to the field and training new personnel. Earnings are constantly muted with such a rapid growth company.

Take-Out Candidate?
I do expect them to continue and even accelerate their rapid growth, and I also expect a company like Major Drilling to take them out before all that long. At that time we shareholders will get handsomely paid.

I have held Energold shares in my Retirement plan for about 2 years now and have no plans to sell until Fred sells the company.

Tip for traders. Check out the annual chart for EGD for the past few years. Seems like the share price shoots up anytime now (late November) and peaks in the early spring, sometimes dramatically.

Nov 17, 2006
Doug Beiers
email: doug@baytides.ca

Doug Beiers spends several hours a day researching the junior & micro-junior resource sector for undervalued and underloved stocks that offer hidden opportunities. His background includes 35 years business management & ownership. He has owned a bookstore, a weekly newspaper, a cafe, and is currently a partner in a website management business. Experience in the resource sector varies from working a year at a Yellowknife gold mine, some diamond drilling, and staking mining claims on a few occasions in the Arctic. One time he struck out on his own to discover the next big gold strike and got hopelessly lost. He offers his research for free to all at http://www.theSimpleInvestor.ca.

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Sieh an, sieh an
und plötzlich ist auch Umsatz da.

Bei Kurs von Impact 1,5 C$ ist der Energold Anteil an Impact alleine 10 Mille wert.
Bei einer Marktkapitalisierung von 24 Mille.

Es ist ein seltenes Schnäppchen wie schon im Erstposting erwähnt.

Grüße
tschonko